Rhi Magnesita India Ltd

Meeting Details

• Date: Friday, 28 August 2026
• Time: 9:00 a.m. – 6:30 p.m.
• Mode: Physical
• Venue: Mumbai
• Event: Roadshow

Participants

• Management to participate in the roadshow

Purpose

• Purpose: Exclusive physical investor roadshow for engagement

Merger approval and effective date

• Order approving merger of Intermetal into Ashwath received; scheme becomes effective after formalities.
• Appointed Date of the Scheme: 01 April 2026.
• Ashwath Technologies becomes direct wholly owned subsidiary of RHIM India after Intermetal dissolves.
• No cash consideration; 10,000 Ashwath shares issued to RHIM India and nominee.

Post-merger governance changes at Ashwath

• Parmod Sagar and Azim Syed resigned as Ashwath directors effective 18 August 2026.
• Pankaj Malhan, RaviKumar Masagoundan Pudhur Periyasamy, Abhishek Bajaj appointed as Ashwath directors.
• Pankaj Malhan appointed Chairman of Ashwath Technologies Private Limited.

Regulatory/disclosure status

• Intra-group merger aligns with internal RHIM group restructuring; no external cash flow involved.

Financial Performance

• Q1 FY27 revenue ₹1,014 crores; QoQ +9%, YoY +6%
• EBITDA ₹147 crores; margin 14.5% (14.5% vs 10.8% in Q1 FY26)
• PAT ₹65 crores, up from ₹35 crores in Q1 FY26
• Cash & cash equivalents ₹452 crores; balance sheet net cash positive
• Order visibility healthy; demand across steel and cement remains steady

Operations & Market Environment

• Steel segment drove growth; favorable realizations and solid demand
• Cement segment recovered; benefited from seasonal maintenance demand
• MINPRO JV with Khemka Refractories; Odisha greenfield mineral facility; 51% RHIM, 49% Khemka
• Leadership transition: Pankaj Malhan appointed MD & CEO; Parmod Sagar remains Chairman
• 5 strategic pillars: growth, 4PRO, digitization, cost excellence, sustainability

Liquidity & Balance Sheet

• Net cash position maintained; balance sheet net cash positive
• Working capital improved; cash generation supports liquidity

Projects & Capex

• Capex guidance: INR 80–100 crores per year; includes Dalmia modernization and 4PRO
• MINPRO: initial investment INR 35 crores; funded 2 years with 51% RHIM, 49% Khemka
• MINPRO: EBITDA 8–10%; payback period <3 years after production
• Quartzite mines Chiraipani & Bhikampali expected to open by quarter end; benefits from next quarter
• Coke oven project nearing final negotiation; production starts next month; 14–16 months duration
• SAIL Bhilai/PSU supply: captive mine improves resilience; 6–8 months to begin talks
• Export opportunities: flow-control focus; export flow expected to improve over 6–12 months
• Product portfolio transfers: 4–5 new products to be produced in India within 1 year

Guidance & Outlook

• EBITDA margin guidance maintained at 13% for FY27
• Volume growth guidance maintained in 7–9% range for FY27
• Capex guidance reaffirmed: INR 80–100 crores per year

Q&A Highlights

• Realization growth split between price increases and product mix not disclosed; war surcharge cited
• Capex pace questioned; management reaffirmed long-term 80–100 crores per year
• MINPRO JV: initial INR 35 crores; 51/49 funding; payback <3 years
• Volatility in magnesite costs; price up 6–8% recently; cost-pass-through being considered
• Flow-control market share up; 35% contribution from core business in Q1
• Auditors rotated in group alignment; Dalmia goodwill fully off balance sheet; no EBITDA impact
• Coke-oven project: near final negotiation; next month production; long-duration project

Meeting cancellation

• Analyst and institutional investor meetings for 18-20 August 2026 have been cancelled due to unavoidable reasons.
• Prior intimation was dated 12 August 2026; details are on the company investor website.

Key Update

• Board approves PwC resignation as statutory auditors for the company and RHIMIRL, effective immediately.
• BSR & Co. LLP appointed as new statutory auditor to fill casual vacancy, subject to member approval.
• Board also recommends five-year term for BSR & Co. LLP from 16th AGM 2026 to 21st AGM 2031.
• RHIMIRL to appoint BSR & Co. LLP for five years from 8th AGM 2026 to 13th AGM 2031.
• Attachments Appendix A and B contain auditor resignation letters and appointment details.

Meeting Details

• 18 Aug 2026: 09:00–18:00 IST; One-on-One/Group Meeting; Mumbai.
• 19 Aug 2026: 09:00–18:00 IST; One-on-One/Group Meeting; Mumbai.
• 20 Aug 2026: 09:00–18:00 IST; One-on-One/Group Meeting; Mumbai.
• Event: Analyst/Institutional Investor Meeting; Organizer: RHI Magnesita India Limited.

Purpose

• Schedule analyst/institutional investor meetings for investor interaction.

Additional Notes

• Investor presentation uploaded on the company website.

Meeting Details

• Conference call for quarter ended 30 June 2026 held on 12 August 2026.
• Audio recording of the conference call uploaded on the company's website.

Purpose

• Discuss earnings performance for the quarter ended 30 June 2026.

Participants

• Key company management participants not disclosed in the filing.